About Pip My System

Pip My System Author

Dude! So you've read just about everything you could possibly get your hands on about the Forex. Now you want to get your feet wet but aren't sure where to start. Well then this blog is for you! Follow along as I take a simple forex trading system and apply it to an unsimple market. If you're new to the blog you should read this first.

Cowabunga System FAQ

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January 2007

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Cowabunga System Weekly Review

This is the week in review for the Cowabunga system: January 8-12, 2007

Monday: +30
Tuesday: -23
Wednesday: No Trades
Thursday: +19
Friday: +20
Total: +46 Pips
 

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Archived Comments (4)

Hi can you tell me if your system will work in a 1min / 5min chart please and are the settings the same

Many thanks

I've never tested it on a 1 minute chart, but I would really not recommend it. This system relies on indicators and the lower the timeframe you go, the less reliable the indicators become. Even 15 minutes is pushing it but it seems to work ok with the 4hr chart as a main trend filter.

Don't you mean +69 pips on the total for the trades on your weekly review of the Cowabunga System.
Looks as if you had a good though.
Thanks for the updates and sharing your trade reviews with everyone.

Bmystic- Tuesday was a loss of 23 pips, not a gain. Therefore the total for the week was only +46 rather than +69.

"Be not afraid of growing slowly, be afraid of only of standing still."
Chinese Proverb
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